Mark Minervini interviews the Rogue Trader himself Nick Leeson
ฝัง
- เผยแพร่เมื่อ 10 มิ.ย. 2024
- Former derivatives trader Nick Leeson whose speculative trades resulted in the 1995 collapse of Barings Bank, the oldest bank in the UK at the time… netting a $1.4 billion dollar loss is interviewed by Market Wizard Mark Minervini in this exclusive discussion. Nick served time in prison. His story was depicted in the 1998 movie and a book entitled Rogue Trader.
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A wonderful lesson here for those who will listen - thank you, Nick for appearing with Mark ...
Thank you Mark for your continued dedication on how to make other traders better. Much appreciated.
Vocabulary I picked up on was his stating "I think I am right" and having a hard time admiring he was wrong....I avoid this debate entirely by ONLY asking "Is the position working or not?" This takes the ego out of it and then I can make decisions based on if the trade is making money or losing money.
Thankyou I will use this - "Is this position working or not?"
I am a trader from Thailand and thank you Mark minervini. My name is Nop, 14-15 years old. I have been a systematic investor in stocks for 4 years. My role model is you. I really like your stock investing style.
EXCELLENT VIDEO MARK Thank you for your QUOTE " RESPECT RISK"
Key takeaway for me: Don't allow losses to become large enough to the point it takes the decision of how you trade away from you.
Watching again this is knowledge for life thanks Mark and Nick 👍🙏
Thank you Mark and Nick for making this happen, it’s great I loved the film! You both legendary traders 💪
Thank you for this video it is really helpful. For novice trader this is a very good lesson to be humble and keep the ego small. Unfortunately most of the new traders want to be rich overnight and underestimate or even does not accept risk. Please continue this work on Twitter and YT even when you see many "negatoilet" answers and criticism. We who want to be a successful traders in future and don't turn away from this hard journey are very thankful to all your addition to community.
Super interesting interview. Yes, very candid and humble. Great hard lesson all around. Thank you.!$
The good trader learns from their mistakes; the great trader learns from their own and others. Thank you for sharing, Mark. I look forward to meeting you someday. Cheers!
thank you so much both of you
💪💪💪💪 the best teacher of all time. Clear and simple but very powerful thx 🙏
Thanks Mark and Nick... great conversation.
Really enjoyed this Mark, great interview.
Thanks for the interview sir. I admire your dedication to educate new traders. Greetings from Turkey!
Thank you Mark for this interview 👌
great interview ... many thanks ... very helpful.
Great interview Mark, thanks.
WOW super interview... thanks mark
This is BRILLIANT Mark!
Great little video! I think most of us would love to see you put out more videos like this. Length of the video is perfect I love the lessons that were taught I just want more! Lol sorry I’m just a greedy student 😂 thanks Mark! You need to start a regular podcast with David Ryan, Stan Weinstein and Pat Walker and call it Marky Mark and the financial Bunch! 😂
Thank you mark, I am just as you, fully dedicated to trading. And I promise to become best trader in the world.
I watch Rouge Trader today, and accidently somehow bump in to this ...
Great Interview. Thanks.
Thx u so much Mark, we learn so much
This is invaluable content every trader shd listen to
Great conversation!
This was super interesting. Thank you gentlemen
I love that movie, learned so much from watching it! Thank You 🙏🏾
lot to learn from this. thanks for this Mark
Great Interview Mark! Around the 36 minute mark, he talks about the difference between stops now and then. It was difficult on the floor because everyone could see what you're doing. Sometimes, you would even have a powerful broker invalidate a trade to protect the stop from triggering. But ultimately, when word would get out about a "Rogue Trader" needing to get out, it was brutal. They would just tank the market if its a sell stop or bid it up if it was a buy stop. Bottom line: Everyone knew! Very difficult.
Good interview very interesting.
Great interview Mark. Thank you. He seems to be holding back, not sure that all or everything.
I understand what you're saying, but do you know how hard that would be to talk about?
@@drewharrison6236 how hard is it?
Gained a lot, thx for sharing👍
In my opinion - Always comes down to risk management - Mark buys uptrend and has cut loss rule. Nick was catching falling knives and hoping for the turn. Option trading is also risky. Not sure if Mark trades Options.
If I know one thing to this point I think it's this: Never assume something similar is not going to happen to you. You have to be extremely careful
Like experienced traders do not make mistakes , wrong they often get worse. The more you study guarantees nothing in the market, like Nick says everyone thinks they will get there.
Mark don't post regularly.
But when he do , he make sure it's gold.
There are “guru master traders” in internet land preaching recovery procedures averaging down. If Paul Tudor Jones has a big sign in his office saying “LOSERS AVERAGE LOSERS”, then why would anyone think about averaging down. Mark’s 80 50 Rule needs to be heeded, reference ARKK, PTON, CHWY, SHOP, ETC, ETC, ETC…
A quality stock goes down like Mark says and the rookies who think they are better than they're will just buy more, and get wiped out.
omg I've watch the movie for the nth time already
"Dont offer the market too much risk"
Nice has done very well trading too, but admits his mistakes. He knows not watching all day everyday is not the way.
you don't use blue chair??? I read you used blue chair in your vietnamese book.
26:34 yes losing 2% and gain 1% after day will make me stay for longer lol
this is gold
I'm surprised Nick isn't involved with crypto.
He would feel at home
Emotional types that are control freaks, obsessive types do a lot worse in the market as they're afraid to take a loss and admit it was wrong.
I'm on your site for one reason, I respect your work tremendously but trying to listen to a failed trader who lost billions because he clearly demonstrated he lacks one shred of the qualities you yourself hold as essential is a waste of time. Mr. Leeson clearly lacks the character and discipline necessary, now he spends his day's trying to convince us otherwise is a pointless exercise. Mark, you can do much better than this guy. Perhaps you could pick people who have become successful using your methods, now that would make for interesting interviews.